BMO Capital Markets
Third consecutive year of growth at 1.74 million units, up 10% since 2011.
The Bank of Canada has built in a resurgence in exports as a lynchpin for growth going forward.
After weak employment report, rate hikes are likely further away than previously thought.
BMO predicts a 7% increase in sales: good for industry investment.
Canada’s banks say Mark Carney has some explaining to do.
Canada may already be in a mild downturn given flat job growth and shaky consumer confidence